Dean Thompson
Cell:250-898-4777
Office:250-339-2021
Toll Free:888-829-7205

Comox Valley Real Estate Statistics

Comox Valley Real Estate - October 2022

The balanced market conditions continued thru September.  Inventory levels continue to grow while sales are trending back to what they were before COVID shutdowns.  

Current Statistics:

  • The average sale price of a detached home in September 2022 was $828,362; this is almost identical (0.33% decrease) to one year ago.
  • Detached home listings were up 27% (103 listings) compared to end of September 2021 (81  listings). 
  • Detached home sales were down 29% in September 2022 (49 listings sold) compared with a year ago (69 listings sold).
  • It takes an average of 44 days for a detached home to sell - homes are now selling 57% slower than a year ago (28 days).

For detailed information, visit Comox Valley Real Estate Statistics or contact me directly. 


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          Bank of Canada raises interest rates....again 

          On September 7, 2022 the BOC raised the benchmark interest rate by 0.75% as they aggressively work to curb inflation. The benchmark interest rate has now increased 3% in 2022!  Anyone with a variable rate mortgage will now be paying more, those seeking new mortgages will now qualify for less than previously.

          For more information, click link:  https://www.cbc.ca/news/business/bank-of-canada-rate-hike-1.6574457   


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          MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.